Companies that make a lot of money often come across this problem: having to count it all! It may not seem like much of a problem but in reality, counting money isn’t as glamorous (and certainly not as “fun”) as it seems. Counting money is a laborious, thankless task that is often repeated two or three times in order to ensure accuracy. Counting money by hand is something businesses, banks, and other financial institutions tackle but don’t have fun while doing it!
Fortunately, cash management solutions have gotten better with the advent of fully electronic money counter machines in 1980. These currency counter machines can guarantee 100% accuracy in counting bills and coins. Their high speed scanners can identify currency immediately and sort them accordingly. These machines save financial institutions considerable time when accounting for massive amounts of money.
Another invaluable service these machines perform is identifying fake currency. Counterfeit currency is a grave concern for businesses and financial institutions around the world. The crime of counterfeiting is as old as currency itself, and it’s just as serious of a crime as it ever was. Cash management solutions rely on counter-counterfeiting tools and technology to ensure the authenticity of bills and coins.
Outside of accepting bills and coins, these machines are capable of accepting cheques as well. Some machines are equipped with high quality scanners that can identify what the cheque is, who it’s for, and the amount it’s for in less than a second. This feature is very useful for people on the go who want to deposit their cheques quickly and without having to show up to the bank in person. Many ATMs across Canada are equipped with these machines.
Many of us may not have enough money to need a machine like this. If you own a business or make enough money on your own that requires one, however, you can be rest assured that they will do the job right.